Market in last 24hrs
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
- ETHUSD saw an uptrend with price moving along the upper Bollinger band
- Price volatility was very high. The market moved ~8.56% between $621.94 and $572.86
- ETHUSD expected to see a downtrend as the price observed a resistance from the upper band with the Bollinger band moving upwards
- Price at the time of publishing: $582.28
- ETH’s market cap: $66.08 Billion
- Oscillator indicators are mostly neutral. RSI at 74
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a change from an increase in volume with a price increase to increase in volume with a decline in price
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex